There are more and more shocks that are coming up the way for TDP party and Chandra Babu Naidu. But for now, this seems to be massive as Ganta Srinivasa Rao is a very important candidate for any political party.
But those parties will need him only as long as he is financially stable and can afford the marketing and expenditure for political campaigns.
So, what if somebody as powerful as Ganta Srinivasa Rao also loses all his money? They will not have any political career, does not matter how powerful he was once upon a time.
His assets are put for bidding by the Indian Bank and applications are accepted until this month 15th. And then on 16th almost 148.68 Crores that his company Prathyusha plus the added interest makes it 221 crores and it will be extracted.
As he could not payback the loan that was taken by the Pratyusha Company, his assets are being seized and bid. This loan was taken when Ganta was working as a Director in this company.
But the highlight of all of this is that he had used government lands to take these loans as collateral. Now, with this they say that his political career may end.
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